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Advani Hotels and Resorts (India) Limited reports audited financial results for Financial Year 2021-2022

Tuesday, May 24, 2022, 18:35 Hrs  [IST]
HBI Staff | Hyderabad

Advani Hotels and Resorts (India) Limited, which owns and operates the 201 - key, 5-star deluxe Caravela Beach Resort Goa, on 23 – acre estate situated on the powdery white sands of Varca Beach in South Goa has approved their audited financial results at their board meeting held on May 20, 2022.

A recent statement released by the company said, despite the deadly delta wave and the corresponding effects of the pandemic on the hotel industry, the company managed to achieve Total Net Revenue of INR 5222 lakhs, as compared to Total Net Revenue of INR 2818 lakh in FY 20-21. The company achieved a Profit Before Tax of INR 872 lakhs in FY 21-22 versus a loss before tax of INR545 lakhs in FY20-21.

It also added that the Annual Average Net Total Revenue Per Sold Room per night, excluding GST was INR 15,585 per night in 2021-2022, versus INR 11,681 per night in 2020-2021and INR 12,090 per night in 2019-2020.

The company declared a dividend of 70.0% versus 0.0% in the previous year.

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